SHARJAH RESEARCH, TECHNOLOGY, AND INNOVATION PARK (SRTIP)2024-10-03T16:08:05+04:00

UAE MAINLAND

SHARJAH RESEARCH, TECHNOLOGY, AND INNOVATION PARK (SRTIP)

What is the significance of having a UAE mainland firm, and what does it represent?

SRTIP is dedicated to assisting the United Arab Emirates in realizing its goal of leading the world in science and technology.

SHARJAH RESEARCH, TECHNOLOGY, AND INNOVATION PARK (SRTIP)

UAE Mainland

SRTIP is dedicated to assisting the United Arab Emirates in realizing its goal of leading the world in science and technology.

What is the significance of having a UAE mainland firm, and what does it represent?

Sharjah Research, Technology and Innovation Park (SRTIP) is an institution located in Sharjah, United Arab Emirates. SRTIP was founded in 2016 with the goal of innovation, technology, and research in a number of areas, including healthcare, energy, the environment, and technology. The organization wants to establish a platform for cooperation between enterprises, government organizations, and academic institutions in order to foster entrepreneurship and innovation.

SRTIP offers its members a variety of resources, such as state-of-the-art labs, spaces for research and development, educational opportunities, and funding. The organization wants to help the area transition to a knowledge-based economy by encouraging entrepreneurship, innovation, and research.

At the center of SRTIP is a vibrant innovation ecosystem that connects startups, established companies, research institutions, and government entities, encouraging the exchange of ideas and the development of cutting-edge technologies. Their entrepreneurial programs provide 100% foreign ownership, Tax benefits, mentorship, funding, incubation, and acceleration. The park’s mission is to create a thriving ecosystem where businesses, researchers, and entrepreneurs can collaborate and grow.

Their entrepreneurship initiatives assist entrepreneurs in transforming their ideas into profitable businesses by offering mentorship, investment, incubation, and acceleration services. Through their relationships with nearby colleges and research centers, they make it easier to access a pool of highly talented and varied candidates, promoting recruiting, internships, and cooperative research. Modern tools and technology enable small-scale manufacturing and quick prototyping at their Maker Space and Additive Manufacturing Hub. In order to foster community development and knowledge sharing, SRTIP also provides a range of event spaces for conferences, workshops, seminars, and networking gatherings.

 

Advantages Of Business Setup in SRTIP

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Latest articles

Types Of UAE Free Zone Trade Licence

On the UAE free zone, businesses can be divided into four main licences depending on their activity type: General Trading, Commercial,
Industrial and Service. Below is a general look at each licence type.

 

Sharjah Free Zones

These zones are frequently perfect for companies in the logistics, technology, import and export, and warehousing sectors.

 

Legal Forms For Company Formation In UAE Free Zones

The legal forms available for company registration in UAE free zones have been modified to meet the needs of different business kinds and investment levels. Below is a summary of the main corporate organizations and applicable legal frameworks found in UAE’s free zones:

 

Free Zone Establishment (FZE)

A Free Zone Establishment (FZE) registration allows for a single shareholder to form a company. This shareholder can be an individual (person) or a corporate shareholder.

FZCO (Free Zone Company) ( FZ- LLC)

An FZCO is essentially a multiple shareholder or a partnership freezone firm where there is more than one shareholder in the company with a maximum of 50 shareholders.

Branch of a Foreign Company

A branch is a separate legal entity , under the control of the parent foreign company . It is used in the UAE as a marketing tool for the parent company.

Branch of a UAE Company

A branch office setup is a separate office or branch of an existing company. The local company already has a license in the UAE. Hence, this is an expansion of the local business.

Why Sharjah Research, Technology and Innovation Park (SRTIP) For Your Company Formation?

Choosing the SRTIP for your business offers advantages that foster growth and success. SRTIP provides comprehensive business licensing services, simplifying the establishment and operation of your business while ensuring compliance with local regulations and offering expert advice. The park’s vibrant innovation ecosystem connects startups, established companies, research institutions, and government entities, creating an environment.

Solutions for flexible offices and workspaces are available to suit the requirements of firms, ranging from start-ups to well-established enterprises, encouraging cooperation and productivity. SRTIP hosts industry events and conferences regularly bring together innovators, experts, and leaders, offering chances for learning, networking, and demonstrating innovations. SRTIP, which is dedicated to promoting economic growth and technological improvement, fosters expansion and advancement of creative enterprises in the area.

Standard Required Documents to Start the
Business Setup Process

Let’s launch your business with success! Ensure you have all the necessary documents ready to streamline the setup process!

  • Passport copies of shareholders and managers.
  • Passport-sized photos of shareholders and managers.
  • Residence Copy / Entry Stamp / Visit Visa Copy.
  • Business plan (sometimes required).
  • No Objection Certificate (NOC) from the current sponsor if the shareholder has a UAE residency visa.

Your Guide To Setting Up A Free Zone Business In UAE

Your business setup checklist is ready. Let’s launch your business with success!

  • 1
    Decide on your business venture.
  • 2
    Choose the best UAE location for your company
  • 3
    Choose the legal framework for your company.
  • 4
    Give your business name.
  • 5
    Apply for Initial Approval.
  • 6
    Prepare Legal Documents.
  • 7
    Lease Office Space.
  • 8
    Obtain Licenses.
  • 9
    Open a Corporate Bank Account.
  • 10

    Apply for the number of visas your company will require.

  • 11

    Register for VAT (if applicable)

We Business Setup Consultants will assist you to launch your project in the UAE Free Zones from A to Z without any hassles and provide you post launch assistance for your visas and all corporate services that you might need in the future.

We Business Setup Consultants will assist you to launch your project in the UAE from A to Z without any hassles and provide you post launch assistance for your visas and all corporate services that you might need in the future.

Frequently Asked Questions

Common Questions About Business Setup in the Sharjah Research, Technology and Innovation Park (SRTIP)

Are there networking and learning opportunities available in SRTIP?2024-07-12T11:20:18+04:00

Yes, SRTIP organizes regular industry events, workshops, seminars, and networking sessions that bring together entrepreneurs, industry experts, investors, and innovators to share knowledge, explore collaborations, and showcase new technologies.

What tax benefits does Sharjah Research Technology and Innovation Park (SRTIP) offer to businesses?2024-07-12T11:20:47+04:00

Businesses in SRTIP benefit from a low-tax environment that helps them maximize profitability. They also enjoy 100% foreign ownership, allowing full control of their ventures, and there are no restrictions on the repatriation of profits, ensuring financial flexibility for global operations.

What role does SoiLAB have within SRTIP?2024-07-12T11:22:32+04:00

SoiLAB, or Sharjah Open Innovation Lab, is strategically located within SRTIP at Sharjah’s University City. It serves as a pivotal facility for promoting and commercializing new ideas, utilizing cutting-edge technology for research and development (R&D) purposes. For more information feel free to contact business setup consultants.

How does SRTIP contribute to Sharjah’s economic development and global competitiveness?2024-07-12T11:23:25+04:00

SRTIP plays a crucial role in advancing Sharjah’s economic diversification by attracting investments, fostering innovation-driven enterprises, creating job opportunities, and positioning Sharjah as a leading hub for technological excellence on the global stage.

What is the contribution of SRTIP to the economic development and global competitiveness of Sharjah?2024-07-12T11:24:00+04:00

SRTIP is essential to Sharjah’s economic diversification because it attract investments, supports innovative businesses, generates employment, and establishes Sharjah as a global leader in technological excellence.

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